An Employee Stock Ownership Plan (ESOP) is a defined-contribution plan that is a stock bonus plan or a combination of a stock bonus plan and money-purchase plan designed to invest primarily in qualifying employee securities. ESOP Workbook: The Ultimate Instrument in succession Planning is designed to help the corporate owner, financial officer, CPA, and attorney determine if an ESOP is appropriate for meeting the owner’s or company’s objectives. The guidelines in the workbook will also help financial advisors and life insurance agents understand the ESOP process. The step-by-step use of forms and checklists will show the financial officer how to reach the decision regarding the feasibility of installing an ESOP versus another qualified or non-qualified plan or approach. The workbook is in three sections: Decision Stage, Valuation and Financing Stage, Transaction Stage. It contains sections on How to Decide Upon Your Objectives, How to Value Your Company, How to Determine the Feasibility of an ESOP, How to Obtain Financing, What to Do About Your Present Plan, How to Invest the Proceeds, How to Do the Accounting, What Provisions Do You Want to Include?, How Do You Want to Communicate the ESOP?, and about forty-five other chapters.
Book Details:
- Author: Robert A. Frisch
- ISBN: 9780470306154
- Year Published: 2002
- Pages: 84
- BISAC: BUS001000, BUSINESS & ECONOMICS/Accounting / General
About the Book and Topic:
An Employee Stock Ownership Plan (ESOP) is a defined-contribution plan that is a stock bonus plan or a combination of a stock bonus plan and money-purchase plan designed to invest primarily in qualifying employee securities. ESOP Workbook: The Ultimate Instrument in succession Planning is designed to help the corporate owner, financial officer, CPA, and attorney determine if an ESOP is appropriate for meeting the owner’s or company’s objectives. The guidelines in the workbook will also help financial advisors and life insurance agents understand the ESOP process. The step-by-step use of forms and checklists will show the financial officer how to reach the decision regarding the feasibility of installing an ESOP versus another qualified or non-qualified plan or approach. The workbook is in three sections: Decision Stage, Valuation and Financing Stage, Transaction Stage. It contains sections on How to Decide Upon Your Objectives, How to Value Your Company, How to Determine the Feasibility of an ESOP, How to Obtain Financing, What to Do About Your Present Plan, How to Invest the Proceeds, How to Do the Accounting, What Provisions Do You Want to Include?, How Do You Want to Communicate the ESOP?, and about forty-five other chapters.
This workbook provides a step-by-step process through the installation of an Employee Stock Ownership Plan (ESOP). Financial officers of companies need to know how to prepare a comprehensive plan for the corporate decision makers regarding the feasibility of installing an ESOP versus other plans, and this workbook shows how to do it. It includes the essentials in workbook format needed to determine the suitability for an ESOP.
Discusses the key components to be considered to implement an ESOP for a company. * Covers the ramifications of implementing an ESOP. * Organized and practical, with forms, checklists, and charts. * Ties together the threads of this complex financial tool and simplifies the process. * Outlines the process demonstrating the feasibility of installing an ESOP versus another qualified or non-qualified plan or approach. * Includes sections on how to value the company and how to obtain financing.
About the Author
ROBERT A. FRISCH is Chairman/CEO of The ESOT Group, Inc., in Los Angeles, California, a firm that specializes in the implementation and management of ESOPs.